Imf On India

IMF upgrades India's FY27 GDP growth forecast to 6.4% despite trade risks

The IMF on Monday raised India's growth projection to 7.3 per cent for fiscal 2025-26, up 0.7 percentage point from its October forecast, on the back of better-than-expected performance of the economy. The Washington-headquartered multilateral lending agency has also revised India's Gross Domestic Product (GDP) growth forecast to 6.4 per cent for fiscal year 2026-27 beginning April 1, 2026, from its earlier estimate of 6.2 per cent. "In India, growth is revised upward by 0.7 percentage point to 7.3 per cent for 2025 (fiscal FY26), reflecting the better-than-expected outturn in the third quarter of the year and strong momentum in the fourth quarter," it said in its World Economic Outlook (WEO) update. Growth is projected to moderate to 6.4 per cent in 2026-27 and 2027-28 as cyclical and temporary factors wane, the International Monetary Fund (IMF) said. According to India's statistics ministry, GDP during April-September of 2025-26 registered a growth rate of 8 per cent, on the back

India remains global growth engine, will upgrade forecast soon: IMF

The IMF said India continues to anchor global growth, adding that recent economic data has outperformed expectations and could prompt a higher growth projection in its January review

India's FY26 growth forecast likely to be revised upwards: Harald Finger

Finger talks about the task ahead for the 16th Finance Commission, impact of artificial intelligence (AI), and more

India's new GDP series in February 2026 to spur IMF rating upgrade

The IMF has 'assured' that its 'C' rating for India's national accounts data will be reassessed once the new gdp series is released in feb 2026

'Zombie firms' reflect inefficient insolvency resolution, says IMF report

The IMF has said the IBC Amendment Bill addresses several deficiencies but leaves key issues unresolved, including operational creditors' voting rights, executory contract rules and persistent delays

Why IMF says India's $5 trillion economy goal may take longer than expected

According to the IMF's updated outlook, India is projected to surpass the $4 trillion threshold in FY26 and expand to roughly $4.96 trillion by FY28, just short of the $5 trillion milestone

IMF likely to alter classification of India's exchange rate regime

The currency plunged to a record low on Friday after the central bank unexpectedly stepped back from defending it as firmly as before

IMF projects Indian economy to grow at 6.6% in 2025-26, outpacing China

The IMF released its revised projections following the effects of US tariffs across various economies and the subsequent deals made between countries amid growing uncertainty

Boosting growth: Integrate MSMEs and e-commerce to surge GDP globally

To close the GDP gap with China, MSMEs, e-commerce, states, logistics growth, and the private sector must work synergistically, with time-bound targets and rewards

India asks IMF to review loans to Pakistan after Pahalgam terror attack

This request comes after a deadly attack on tourists in Phalgam, Jammu and Kashmir, which has made tensions worse between the two countries.

Sri Lanka's new govt reverses key economic reform for IMF bailout package

The new National People's Power (NPP) government in Sri Lanka on Tuesday announced its first reversal of a key element in the ongoing IMF bailout programme concerning the loss-making state-owned enterprises. The government reversed the Electricity Act, approved in June this year under then-president Ranil Wickremesinghe's government, introducing major reforms to the state power entity Ceylon Electricity Board (CEB). The Marxist NPP trade unions had then agitated against the bill. A CEB trade union leader who led the agitation is an NPP candidate in the parliamentary election scheduled for November 14. A CEB statement on Monday said the entity's privatisation programme would be scrapped and vowed to amend the CEB Reforms Act of 2024. It said there would be no privatisation of state-owned power plants, transmission and distribution processes. The CEB Reforms Act of 2024 paved the way for private sector competition in power generation. The move was aimed at easing the burden on publ

India remains world's largest growing economy with good fundamentals: IMF

India remains the largest growing economy in the world, a senior official from the International Monetary Fund said, observing that the country's macroeconomic fundamentals are good. "India is said to remain the largest growing economy in the world. We project growth at seven per cent in FY24-25, supported by recovery in rural consumption, as there have been favourable harvests. Inflation is expected to decline to 4.4 per cent in FY24-25, despite some volatility as food prices normalize," Krishna Srinivasan, Director for the IMF Asia Pacific Department, told PTI in an interview on Tuesday. In terms of other fundamentals, he said, "despite elections, the fiscal consolidation remains on track. Reserve position is pretty good. Macro fundamentals, generally speaking, for India are good". He suggested that the country's reform priorities post-elections need to be in three areas. "One is, there's an issue about creating jobs in India and so on. In that context, I think implementing the .

India can become a $55 tn economy by 2047 with 8% growth: IMF exec director

IMF Executive Director Krishnamurthy V Subramanian noted the remarkable progress being made in financial inclusion through initiatives like the 'Pradhan Mantri Jan-Dhan Yojana'

Pakistan abandoned

Hard economic decisions will help its future

IMF issues warning of significant downside risks for Pakistan's economy

This uncertainty, it warns, could have profound effects on policymaking, particularly given the high cost of living and other political complexities

IMF raises India's GDP growth forecast by 30 bps to 6.8% for FY25

Also sees world economy growing faster at 3.2% in 2024

Interventions in forex market to curb excessive volatility: RBI to IMF

The Reserve Bank has told the International Monetary Fund (IMF) that the objective of frequent interventions in the forex market is to curb excessive volatility, dismissing the Fund's rationale for reclassifying India's exchange rate regime. The IMF, following the Article IV consultation with the Indian authorities, reclassified the status of the exchange rate regime to "stabilised arrangement" from "floating" for period between December 2022 to October 2023. India's Executive Director at IMF K V Subramanian and Senior Advisors Sanjay Kumar Hansda and Anand Singh questioned the selection period adopted by the Fund for analysis and also reclassification of the country's exchange rate regime. "... (IMF) staff characterisation of India's exchange rate as a 'stabilised arrangement' is incorrect and inconsistent with reality. As in the past, exchange rate flexibility would continue to be the first line of defence in absorbing external shocks, with interventions limited to addressing ...

IMF's focus has to be macroeconomic surveillance, policy guidance: FM

Finance and central bank deputies meeting to start discussions on key agenda

India played key role in IMF's clearance of 48-month EFF to Sri Lanka

India played a crucial role in the International Monetary Fund (IMF's) clearance of a 48-month Extended Fund Facility (EFF) worth USD 2.9 billion to crisis-hit Sri Lanka, reported True Ceylon

G20 India doing excellent job with focus on global community: IMF

As G-20 President India is doing an excellent job by focusing on issues that matters the most for the global community, the International Monetary Fund (IMF) Managing Director Kristalina Georgieva said on Thursday. India assumed the year-long presidency of the G20 in December last year and aims to host a leaders' summit in New Delhi in early September. The G20 is an important forum of the world's 20 major developed and developing economies. "India is doing an excellent job in focusing the work of the G-20 on what matters the most. What matters the most is to move through very complex policy challenges, comparing notes and coming up with the right policy actions, Georgieva told reporters at a news conference here on the sidelines of the annual meetings of the International Monetary Fund and the World Bank. What matters the most is to re-energize global growth and here India brings its fantastic track record on digitalisation and how digitalisation can reenergize the economy," she sai